We are now caught in a phase of indecision, I have illustrated the potential next moves depending on which way the pair decides to break out.
Personally I am more in favour of the bearish set-up as it will provide a better risk to reward trade but I am prepared for the breakout either way.
Remain patient and strike when the market shows you the direction it wants to go in.
Personally I am more in favour of the bearish set-up as it will provide a better risk to reward trade but I am prepared for the breakout either way.
Remain patient and strike when the market shows you the direction it wants to go in.